HBK Sorce Advisory LLC Purchases 479 Shares of NextEra Energy, Inc. $NEE

HBK Sorce Advisory LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,034 shares of the utilities provider’s stock after purchasing an additional 479 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NextEra Energy were worth $2,849,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NEE. Activest Wealth Management boosted its stake in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the 1st quarter valued at $26,000. Quaker Wealth Management LLC lifted its position in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 772 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at $32,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,028 shares of company stock worth $1,738,973 in the last ninety days. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $81.67 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a market cap of $168.18 billion, a P/E ratio of 26.01, a P/E/G ratio of 2.82 and a beta of 0.66. The business has a fifty day simple moving average of $77.09 and a 200 day simple moving average of $73.23.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the company earned $1.03 EPS. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 79.37%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Morgan Stanley reiterated an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 target price (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. TD Cowen assumed coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.